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Variable universal life

Following the market

Variable universal life insurance offers the potential to build cash value based on the performance of the investment options you choose.

The policy offers greater growth potential when the markets perform well. The tradeoff for this growth is the investment risk – including the potential to lose cash value when markets perform poorly.

Variable universal life insurance benefits

  • Lifetime protection for your loved ones
  • Flexible premiums allow you to adjust your payments, or you can choose a fixed, consistent amount
  • Ability to adjust your benefit amount to align with your changing life.
  • Greater tax-deferred cash value growth potential than non-variable products
  • Choice of investment options based on your risk tolerance

Variable universal life insurance considerations

  • If you do not pay enough premium, the policy may lapse
  • Involves market risk, including loss of principal; sustained market declines can negatively impact policy cash value
  • Loans and withdrawals will impact both the death benefit and policy surrender value
  • Adjusting benefit amounts may require additional underwriting

 

 

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How do I purchase life insurance?

Our insurance products may be purchased through a financial professional. To see how much insurance you may need, use our easy-to-follow calculator.

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Life insurance FAQs

Understanding the ins and outs of life insurance can be a challenge. Here are some simple answers to the most common questions about life insurance.

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Variable life insurance products contain fees, such as mortality and expense charges, and may contain restrictions, such as surrender periods. There may also be underlying fund charges and expenses, and additional charges for riders that customize a policy to fit individual needs. Charges and expenses may increase over time. The variable investment options are subject to market risk, including loss of principal. 

You should consider the investment objectives, risks, charges and expenses of a portfolio and the variable insurance product carefully before investing. The portfolio and variable insurance product prospectuses contain this and other information. You may obtain a copy of the prospectus from your representative. Please read the prospectuses carefully before investing.

You should consult your tax advisor regarding your own tax situation. 

Please keep in mind that the primary reason to purchase a life insurance product is the death benefit.

Policy loans and withdrawals may create an adverse tax result in the event of lapse or policy surrender, and will reduce both the surrender value and death benefit. Withdrawals may be subject to taxation within the first fifteen years of the contract. You should consult your tax advisor when considering taking a policy loan or withdrawal.

DOFU 3-2025

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